November 29, 2016 - By Winifred Garcia
In a analysts note published on Tuesday morning, KeyBanc Capital Mkts decreased shares of Global Brass and Copper (NYSE:BRSS) to a “Sector Weight” rating from a “Overweight” rating.
About 57,260 shares traded hands. Global Brass and Copper Holdings Inc (NYSE:BRSS) has risen 11.15% since April 26, 2016 and is uptrending. It has outperformed by 5.89% the S&P500.
Analysts await Global Brass and Copper Holdings Inc (NYSE:BRSS) to report earnings on March, 14. They expect $0.41 earnings per share, up 70.83% or $0.17 from last year’s $0.24 per share. BRSS’s profit will be $8.62 million for 17.77 P/E if the $0.41 EPS becomes a reality. After $0.71 actual earnings per share reported by Global Brass and Copper Holdings Inc for the previous quarter, Wall Street now forecasts -42.25% negative EPS growth.
Insitutional Activity: The institutional sentiment decreased to 1.08 in 2016 Q2. Its down 0.19, from 1.27 in 2016Q1. The ratio dropped, as 10 funds sold all Global Brass and Copper Holdings Inc shares owned while 46 reduced positions. 17 funds bought stakes while 54 increased positions. They now own 20.16 million shares or 2.36% less from 20.64 million shares in 2016Q1.
Wfg Advsr L P holds 18 shares or 0% of its portfolio. Teachers Advsrs accumulated 36,194 shares or 0% of the stock. Blackrock Fund Advisors owns 549,065 shares or 0% of their US portfolio. Bnp Paribas Arbitrage Sa has 0% invested in the company for 816 shares. Lsv Asset Mgmt reported 533,216 shares or 0.03% of all its holdings. Moreover, Gam Holding Ag has 0.01% invested in Global Brass and Copper Holdings Inc (NYSE:BRSS) for 25,000 shares. Blackrock Institutional Trust Na has invested 0% of its portfolio in Global Brass and Copper Holdings Inc (NYSE:BRSS). Schwab Charles Mgmt reported 188,460 shares or 0.01% of all its holdings. Wellington Mngmt Gp Llp last reported 225,301 shares in the company. Tiaa Cref Inv Mngmt Ltd Liability owns 207,446 shares or 0% of their US portfolio. Acadian Asset Ltd Liability Com accumulated 0.09% or 637,457 shares. Numeric Ltd Liability Com, a Massachusetts-based fund reported 485,421 shares. Dimensional Fund Advsrs Lp last reported 658,501 shares in the company. Prudential Fincl Inc holds 0.02% of its portfolio in Global Brass and Copper Holdings Inc (NYSE:BRSS) for 474,576 shares. Art Advsrs Ltd Limited Liability Company last reported 32,478 shares in the company.
Insider Transactions: Since August 24, 2016, the stock had 0 buys, and 8 sales for $1.76 million net activity. Micchelli Robert T sold $390,746 worth of Global Brass and Copper Holdings Inc (NYSE:BRSS) on Tuesday, November 22. $86,700 worth of Global Brass and Copper Holdings Inc (NYSE:BRSS) shares were sold by Welch Martin E. 10,000 shares were sold by Denner Devin K, worth $287,500. Hamilton Scott B sold $54,143 worth of stock.
Global Brass and Copper Holdings, Inc. is a converter, fabricator, processor and distributor of specialized non-ferrous products, including a range of sheet, strip, foil, rod, tube and fabricated metal component products. The company has a market cap of $612.72 million. The Firm operates through three divisions: Olin Brass, Chase Brass and A.J. It has a 22.38 P/E ratio. Oster.
According to Zacks Investment Research, “Global Brass & Copper Holdings, Inc. is a converter, fabricator, distributor and processor of copper and brass products primarily in North America. The Company’s product include sheet, strip, foil, rod, tube and fabricated metal component that it sells under the Olin Brass, Chase Brass and A.J. Oster brand names. It also engages in metal melting and casting, rolling, drawing, extruding and stamping to fabricate finished and semi-finished alloy products. The company serves building and housing, munitions, automotive, transportation, coinage, electronics/electrical components, industrial machinery and equipment and general consumer end markets. Global Brass & Copper Holdings, Inc. is headquartered in Schaumburg, United States.”
More notable recent Global Brass and Copper Holdings Inc (NYSE:BRSS) news were published by: Marketwatch.com which released: “Global Brass & Copper downgraded to sector weight from overweight at KeyBanc …” on May 25, 2013, also Businesswire.com with their article: “Global Brass and Copper Holdings, Inc. Reports Third Quarter 2016 Financial …” published on November 03, 2016, Nasdaq.com published: “Global Brass and Copper Holdings, Inc. (BRSS) Ex-Dividend Date Scheduled for …” on November 08, 2016. More interesting news about Global Brass and Copper Holdings Inc (NYSE:BRSS) were released by: Businesswire.com and their article: “Global Brass and Copper Holdings, Inc. Announces Date and Time for Release of …” published on October 18, 2016 as well as Quotes.Wsj.com‘s news article titled: “News Global Brass & Copper Holdings Inc.BRSS” with publication date: May 18, 2013.
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